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Euro to Hryvnia Exchange in Italy Nears End

Euro to Hryvnia Exchange in Italy Nears End

21 December 2022 is the last day when Ukrainians in Italy can exchange cash hryvnias for euros.

The cash hryvnia to euro exchange program in Italy was launched on the basis of an agreement between the NBU and the Bank of Italy.

The program provided the cash hryvnia to euros exchange capability in Italian banks to Ukrainians who had left Ukraine for Italy as they fled the war and stayed there in order to meet daily needs.

The exchange program is about to be terminated, as such transactions have been declining in amount and number compared to when they first occurred.

Since the agreement took effect, Ukrainians have exchanged over UAH 10.0 million in Italy as of 16 December 2022.

The exchange programs have already ended in Poland (9 September 2022), Germany (30 October 2022), Sweden (13 November 2022), Switzerland (25 November 2022), Lithuania (5 December 2022), Malta (7 December 2022), as well as the Netherlands, Belgium, and Latvia (9 December 2022).

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